iTANZ Technologies Unveils Major Capital Expansion, Announces 10% Bonus Share Issue
iTANZ Technologies Limited has announced a series of strategic corporate decisions aimed at strengthening its capital structure and rewarding shareholders. The company’s Board of Directors, in a meeting held on July 10, 2026, approved a substantial increase in the authorized share capital alongside a 10% interim bonus share issue, reflecting confidence in the company’s financial performance and future growth prospects.
The board has proposed increasing the company’s authorized share capital from PKR 1.2 billion to PKR 5 billion, representing more than a fourfold increase. The proposed capital will be divided into 500 million ordinary shares with a face value of PKR 10 each, compared to the existing 120 million shares. The increase remains subject to shareholder approval through a special resolution at an upcoming Extraordinary General Meeting (EOGM), after which the company’s Memorandum and Articles of Association will be amended accordingly.
In addition to the capital expansion, the board approved the issuance of 10% interim bonus shares, allowing shareholders to receive 10 bonus shares for every 100 shares held. The bonus issue will be financed through the capitalization of the company’s retained earnings and free reserves, with approximately 10.78 million fully paid ordinary shares to be issued under the approved resolution.
According to the company, the decision was driven by its sustained profitability, consistent earnings growth over the past financial year and subsequent half-year, and a desire to reward shareholders without requiring any cash outflow. Management believes the bonus issue will further strengthen the company’s equity base, improve the free float and trading liquidity of its shares, and reinforce its long-term commitment to enhancing shareholder value and maintaining strong corporate governance standards.
The company has also announced the relevant dates for determining shareholder entitlement. The Share Transfer Books will remain closed on July 21, 2026, while shareholders whose names appear on the company’s register at the close of business on July 20, 2026 will qualify to receive the bonus shares. The newly issued shares will subsequently be credited to shareholders’ respective Central Depository System (CDS) accounts in accordance with applicable regulatory requirements.
The proposed increase in authorized capital provides iTANZ Technologies with greater financial flexibility to support future expansion initiatives, fundraising opportunities, and long-term strategic investments. Combined with the bonus share issue, the announcement signals the company’s confidence in its growth trajectory while reinforcing its commitment to delivering value to existing shareholders.
The company stated that a formal notice convening the Extraordinary General Meeting for shareholder approval of the capital increase will be issued separately in due course.
